Making a rental too nice... is that a thing?!

[Bryan Cavellier]

I had this thought as I am house hacking (Syracuse NY) and want to make my unit nice with some upgrades. I am curious on people's thoughts on this topic.

Should you or should you not make your apartment that much different/nicer than the comps in the area (ie. appliances, counter tops, flooring, etc.) Is their a point where you don't "get your money back" ?

Thanks for your thoughts!

[Jose Batista Abikarram]

Hey Bryan this is a good question. The simple answer is yes you can make a rental too nice and you will at that point where there is no money back. The more complicated answer is that sometimes if you have a C type house in a borderline B/A location you can go and spend a little bit more money to make it more on the A side property. Spending a little bit more to match or surpass comps might work for you especially if there is demand for it. This requires some in depth study of the market and I would even look at trends to see if there is demand for more. In conclusion, keep it on the safe side and try to match comps but if you see the opportunity to make it a little bit better because of demand do it. On another note even if you make the house close to the comps try to add something unique to you and your style, remember branding is extremely important inn this world.